According to the DTCC (GLEIF.org), the domestic operator for the international G20's FSB...the Ultimate Parent (XXX) who has an ownership interest greater than 50%, owns Direct Parent (xxxx) who has an ownership interest greater than 50% in COOP, Mr Cooper Group Inc. COOP is clearly hiding which corporation is really standing behind it, which is in direct conflict with who it offers itself to be to investors.
COOP's self generated application for their own international LEI # states their ownership hierarchy. COOP wrote this! Did COOP lie in their required LEI # application? It's one or the other buddy! I'd trust an international regulatory body responsible for managing global financial security to have more accurate information than the domestic regulatory bodies, responsible for the theft and cover-up of WAMU. It's starting to stink around here.
As a 15 year plus investor of the COOP lineage, I and others need to know exactly what we are invested in. Pumping half truths is dishonest.
A bit of color: remember GLEIF.org states MR Cooper Group Inc's application for LEI registration, gave the Exception rule for NON-PUBLIC Reporting of its Direct & Ultimate Parent(s) names based on....Direct Parent: "fully consolidated..by the accounting standards specified." Ultimate Parent: ultimately consolidated..by the accounting standards specified"
"What is the difference between consolidated and parent accounting?
Consolidated financial statements are used when the parent company holds a majority stake by controlling more than 50% of the subsidiary business. Parent companies that hold more than 20% qualify to use consolidated accounting. If a parent company holds less than a 20% stake, it must use equity method accounting.
"Consolidated financial statements: the financial statements of a group presented as those of a single economic entity. Subsidiary: an entity, including an unincorporated entity such as a partnership, that is controlled by another entity (known as the parent)." COOP is a Registrant
"Ultimate Parent Company means a Company, which owns more than fifty percent (50%) equity shareholding either directly or indirectly in the Parent Company.
